SOURCE: White Fox Ventures, Inc.

White Fox Ventures, Inc.

August 30, 2016 09:15 ET

White Fox Ventures, Inc. Announces $2.5M Investment Into NQ Minerals PLC and Defines Its Long Term Strategy to Create Shareholder Value

NEW YORK, NY--(Marketwired - Aug 30, 2016) - White Fox Ventures, Inc. (OTCQB: AWAW) ("White Fox" or "the Company"), a U.S. publicly traded company, today announced that the Company has executed an agreement to invest $2,500,000 into NQ Minerals, PLC, an Australian mining company listed in London under the symbol of NQMI. Through this initial investment, White Fox definitively begins its strategy to both restore and create new shareholder value. The Company believes this to be a prudent investment and portrays management's confidence and commitment in today's global market for gold and silver as viable investment options, while at the same time significantly reinforcing its underlying balance sheet.

White Fox Ventures, Inc. CEO, Mr. Nakano said, "Gold is a safe and prudent harbor given current international economic trends. We believe NQ Minerals has a stellar management team with terrific experience and great track record. We are behind their strategy and we shall continue to explore joint venture opportunities."

With this first of several considered investments, the Company has established and defined its long-term strategy of strategic investments and acquisitions to both restore and enhance shareholder value. The Company will continue to consider potential investments as the Board of Directors ("Board") deems prudent. Additionally, the Board has determined that its long-term business strategy will focus on potential acquisitions as the main driver of shareholder value. At this time, the Company is evaluating several sectors from which to consider prospective acquisitions. The Company also plans to enlarge its revenue generating academy business in Asia as the foundation to fund both balance sheet investments as well as other potential acquisitions currently contemplated.

As previously announced, White Fox remains confident that its IP Application ("academy application") shall be available for direct downloading onto smartphones, such as: I-Phone, Android as well as IOS and Tablet devices, sometime during the 4th Quarter of Calendar Year 2016.

About White Fox Ventures, Inc. (OTCQB: AWAW)

White Fox Ventures, Inc. is a diversified financial services and technology company focused on its revenue generating investor academy, as well as building a strong balance sheet through the strategic investment of its proprietary capital.

More information can be ascertained by investors by visiting White Fox's corporate website at: http://www.whitefoxventures.com

About NQ Minerals PLC:

NQ Minerals PLC is an Australian-based advanced exploration and mining company focusing on projects where past exploration work has established the presence of mineral occurrences. The management team has decades of experience in the exploration and production of gold, silver and a variety of base metals.

NQ Minerals PLC is currently focused on two exploration projects known as Ukalunda and Square Post, in North Queensland, Australia. These projects are both located in prospective mining districts that form part of the well-known Charters Towers Gold Province, where more than 20 million ounces of gold has been mined.

More information can be ascertained by visiting NQ Minerals PLC at: http://nqminerals.com

DISCLAIMER -- Caution Concerning Forward Looking Statements

This press release contains statements that are "Forward-Looking" in nature (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). All statements regarding the Company's ("AWAW") financial position, potential, business strategy, plans and objectives for future operations are Forward-Looking statements. Many of these statements contain words such as "hopefully," "attempt," "goal," "aims," "may," "expect," "believe," "intend," "anticipate," "estimate," "continue," "would," "exceed," "should," "steady," "plan," "potential," "dramatic," and variations of such words and similar expressions identify Forward-Looking statements, but their absence does not mean that a statement is not a Forward-Looking statement. Because Forward-Looking statements involve future risks and uncertainties, there are many factors that could cause actual results to differ materially from those expressed or implied. The Company cannot predict the actual effect these factors will have on its results and many of the factors and their effects are beyond the Company's control. Any forward-looking statement made by the Company speaks only as of the date on which it is made. The Company is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, subsequent events or otherwise. Given these uncertainties, you should not rely on these forward-looking statements.

For further information regarding these and other risks related to AWAW business, investors should consult AWAW's filings with the Securities and Exchange Commission, available at http://www.sec.gov.

Contact Information

  • For Japanese Investors:
    Mr. Takehiro Abe
    Chief Operating Officer & CFO
    Tel: ¿+818046363573
    Email: tabe@whitefoxventures.com

    For Australian Investors:
    Mr. Steve White
    Chief Operating Officer
    NQ Minerals, PLC
    Tel: +61 412 751 051
    Email: steve@nqminerals.com

    For United Kingdom/European Investors and North America:
    Mr. Kris Kottmeier
    VP Corp Development
    NQ Minerals, PLC
    Tel: +44 (0)20 3637 6522
    Tel: +1 (604) 506-2502
    Email: kris@nqminerals.com